There may be no end in sight for the European power crunch this year, even after the winter season ends. Low nuclear power generation in France, a major producer and exporter of nuclear-powered electricity in Europe, could send power prices on the continent higher in the spring. France gets more than 70 percent of its total electricity from nuclear power…
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As many as 35 major cyberattacks on energy and oil infrastructure have taken place since 2017, making up one-third of all cyberattack incidents of the past five years, data from the S&P Global Platts Oil Security Sentinel research project showed on Friday. Since 2017, the U.S. has been the most targeted country, followed by the UK and Saudi Arabia, according…
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Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the U.S. Energy Information Administration (EIA) said on Friday. A net petroleum importer is a country that imports more crude oil and refined products than the…
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The government has decided to merge Nepra, Ogra and Neeca to form a unified regulator to ensure integrated oversight of the country’s energy sector. This is part of the draft National Electricity Plan 2022-26 of Ministry of Energy (Power Division). As a first step, a joint working group shall be formulated under the convenership of Power Division and comprising of…
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While showing serious concern at CPPA-G’s lethargy in a meeting to discuss milestones of Competitive Trading Bilateral Contract Market (CTBCM), the National Electric Power Regulatory Authority (Nepra) gave a deadline of February 25, 2022 to submit complete roadmap on Commercial Market Operation Date (CMOD) along with targets, well-informed sources told Business Recorder. The regulator conveyed its irritation to CPPA-G after the…
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The government has devised a plan to provide electricity to all citizens of the country by 2030, which will be renewable dominant. In this regard, the National Electric and Power Regulatory Authority (NEPRA) has issued a National Electricity Plan to ensure 100 percent energy access for all by 2030. The government, through this National Electricity Plan, has launched Universal National…
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Punjab, the gas-starved province, is set to receive cheaper gas supplies after the Senate on Thursday passed a bill for applying the weighted average cost of gas (Wacog). In addition, the law will help the government to reduce circular debt in the gas sector while the share of liquefied natural gas (LNG) in gas supply will increase. At present, the…
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The opposition on Thursday suffered a defeat in the Senate despite its numerical majority as the government managed to have three bills passed by the house. During key the legislation, the opposition parties were unable to show their majority as the treasury benches went on to have two amendment bills to the Oil and Gas Regulatory Authority (Ogra) Ordinance passed…
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Around 6,000 solar modules from Meyer Burger will cover almost the entire roof area of the Europa-Park stadium. German football club SC Freiburg has announced that a 2.4MW rooftop solar array is currently under construction on the roof of its Europa-Park stadium. Swiss solar manufacturer Meyer Burger Technology has provided its heterojunction panels for the project, which is claimed to…
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Crude oil prices moved slightly higher today after the Energy Information Administration reported a crude oil inventory build of 1.1 million barrels for the week to February 11. This compares with a draw of 4.8 million barrels estimated for the previous week and an estimated 1.076-million-barrel inventory decline for last week as reported by the American Petroleum Institute on Tuesday.…
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